Walter Van Eck and Friedgard Van Eck - Page 13

                                       - 13 -                                         
          accordingly, and we do not sustain respondent's deficiencies to             
          that extent.                                                                
               3.  GVE Loans                                                          
                                  FINDINGS OF FACT                                    
               From 1982 through at least the beginning of June 1987,                 
          Walter maintained a checking account in Connecticut, in his own             
          name, at Connecticut National Bank, account number 245-7044                 
          (Conn. account 7044).  From June 1983 through April 1985, Walter            
          maintained a checking account in Oregon, in his own name, at U.S.           
          Bank, account number 155-0502-221 (USB account 2221).  The                  
          amounts shown on Exhibit 201-GK in the row labeled "GVE Loans"              
          reflect certain deposits to Conn. account 7044 and USB account              
          2221 of funds received from Gertrude, Walter's mother.  The                 
          amounts remaining in dispute as GVE Loans are as follows1:                  
                         Year                  Amount                                 
                              1982           $32,564.84                               
                              1983           23,741.95                                
                              1984           48,008.70                                
                              1985           49,389.93                                
                              1986           39,872.48                                
                              1987           20,615.80                                

          Those amounts were deposited to Conn. account 7044 and USB                  
          account 2221 during the years indicated.  All of those amounts              


          1    Except with regard to 1987, our findings agree with the                
          entries for 1982 through 1987 in the row labeled "GVE Loans" on             
          Exhibit 201-GK.  The discrepancies arise from respondent's                  
          proposed finding 434d., which leads to the lesser amount found.             
          We accept that difference as a concession by respondent.                    





Page:  Previous  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  Next

Last modified: May 25, 2011